S&P 500 falls for fifth straight day
Chris McKhann | email@example.com
The S&P 500 lost 4.65 points to close at 1692.77, its fifth consecutive session of losses. It closed just above the day's low, which came in the early afternoon. It has resistance at the high of 1730 and support at 1660.
The Nasdaq 100 was down 10.11 points to close at 3208.55. Unlike the SPX, it finished above its 10-day moving average. Resistance is at its 13-year high of 3248, while support is at 3150.
The Russell 2000 gave up 1.17 points to finish at 1073.51. The small-cap index hit a new all-time intraday high of 1082 at midday and has support at 1040. (When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so I will refrain from listing them.)
The VIX was down 0.07 points to 14.01. The volatility index was as high as 14.62 in the morning but spent some time below 14 through the afternoon.
The VIX futures were largely unchanged. The October contracts were flat at 15.05, while the November futures were off 0.05 points to 16.20. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down fractionally to $13.89.